Instruments · Tokenized ETFs

Nasdaq-100 (xStocks QQQx)

QQQxTokenized ETFMedium

Price + accumulating dividends

Yield / return

1:1 backed token tracking the Invesco QQQ Trust (Nasdaq-100 ETF) — diversified on-chain exposure to large-cap US tech.

Target / Area

Retail (EU)

Buy on Kraken, withdraw to a Solana wallet

Who may buy is set by the issuer — check their terms.

Go to Backed ↗Trader view →

Minimum ~$1 · Self-custody possible · verify with the provider before acting

Where to buy QQQx

Open in trader view →

QQQx trades on 20 exchanges and DEXs. The largest by 24-hour volume:

Venue	Pair	24h volume	Spread
CEXKraken ↗	QQQX/USD	$301K	0.01%
DEXRaydium (CLMM) ↗	XS8S1UUS1ZVS2P7IWTSG3B6FKHPVMWZ4GYU3GWAMWHZ/?	$169K	0.60%
CEXGate ↗	QQQX/USDT	$85K	0.04%
CEXToobit ↗	QQQX/USDT	$66K	0.10%
CEXBloFin ↗	QQQX/USDT	$48K	0.30%
CEXLBank ↗	QQQX/USDT	$45K	0.30%
CEXRaydium (CLMM) ↗	XS8S1UUS1ZVS2P7IWTSG3B6FKHPVMWZ4GYU3GWAMWHZ/SO11111111111111111111111111111111111111112	$37K	0.61%
DEXByreal	XS8S1UUS1ZVS2P7IWTSG3B6FKHPVMWZ4GYU3GWAMWHZ/?	$21K	0.60%

Source: CoinGecko, 2026-10-19 · listed by volume, not a recommendation · check that the venue serves your country

Key facts

Yield / return: Price + accumulating dividends
Risk: Medium (equity market)
Minimum: ~$1
Liquidity: 24/5 on Kraken; 24/7 on-chain
Custody: Self-custody possible
KYC: Required

Details

Issuer: Backed / Kraken (xStocks)
Type: Tokenized ETF
Category: Tokenized ETFs
Pillar: Market Tokens
Tracks: QQQ
Underlying ISIN: US46090E1038
Token ISIN: CH1436219724
Yield source: Nasdaq-100 performance + reinvested dividends
Network: Solana (+Ethereum, BNB, Arbitrum, Mantle)
Jurisdiction: Jersey / EU service (CySEC)
AUM: $24M

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What kind of asset is this? All types explained →

What you actually own

Backed / xStocks · Synthetic tracker

A certificate that tracks the price

Dividends: Reinvested, not paid out
"Dividend payouts will be automatically reinvested into more of the same token" — no cash reaches the holder.
Voting rights: No
Corporate actions: Not confirmed
Redemption: Not confirmed
Backed describes redemption for onboarded, KYC-verified investors; we have not verified the terms for retail holders.
If the issuer fails: A claim on the issuer
Transfer: Freely transferable
Issuing entity: Backed Assets (JE) Limited
Jersey

Kraken's own terms, quoted: holders "do not have ownership in any of the underlying stock or shares of the companies" and have "no voting rights, or distribution entitlements, or legal claims to the underlying stocks". This is the reason the programme sits outside the SEC's Innovation Exemption, which requires the same rights as the share.

checked 2026-09-18 · issuer-docs · source

Who it is aimed at

Target / Area

Retail (EU)

Where it trades: Kraken, Bybit, Solana DEXs

Who can buy — as the issuer states it

YesEU · Retail investors
Through the venues that list it; the token itself is freely transferable. — EEA base prospectus (transferable securities)
checked 2026-09-18 · issuer-docs · source
NoUK · Retail investors
Kraken lists the UK among excluded jurisdictions, with Canada and Australia.
checked 2026-09-18 · issuer-docs · source
NoUS · Accredited investors
Not accessible to US persons, whatever the investor class.
checked 2026-09-18 · issuer-docs · source
NoUS · Retail investors
Not accessible in the US or to US persons. — Offering made outside the US (Regulation S).
checked 2026-09-18 · issuer-docs · source

Quoted from the sources linked, on the date shown. Terms change; the issuer has the final word (issuer documentation).

Questions about QQQx and Tokenized ETFs

Buying QQQx: common questions

How do I buy QQQx?

Buy on Kraken, withdraw to a Solana wallet. The issuer names these venues: Kraken, Bybit, Solana DEXs. The token runs on Solana (+Ethereum, BNB, Arbitrum, Mantle). Minimum: ~$1.

Where can I buy QQQx?

QQQx trades on 20 exchanges and DEXs. By 24-hour volume the largest are Kraken (QQQX/USD), Raydium (CLMM) (XS8S1UUS1ZVS2P7IWTSG3B6FKHPVMWZ4GYU3GWAMWHZ/?), Gate (QQQX/USDT), Toobit (QQQX/USDT), BloFin (QQQX/USDT) (CoinGecko, 2026-10-19). Check that the venue serves your country before you sign up.

Who can buy QQQx?

As Backed / xStocks states it: EU, retail investors: yes (Through the venues that list it; the token itself is freely transferable); UK, retail investors: no (Kraken lists the UK among excluded jurisdictions, with Canada and Australia); US, accredited investors: no (Not accessible to US persons, whatever the investor class); US, retail investors: no (Not accessible in the US or to US persons). The issuer has the final word; check its terms before buying.

Is owning QQQx the same as owning QQQ shares?

No: it is a certificate that tracks the price. With Backed / xStocks, dividends are reinvested, not paid out. There are no voting rights.

What other tokens track QQQ?

Besides QQQx, QQQ is available as QQQon (Ondo Global Markets (BVI)), QQQ.RP (BG El Salvador, S.A. de C.V. (Reality)), QQQB (bStocks), QQQ (Dinari), svNSDQ (NexBridge), AQQQ (Anchored Finance (aStock)), QQQ.RH (Robinhood Assets (Jersey) Limited), tQQQ.SV (MIO 3 MARKETS 1 S.A.S. de C.V.) and more. They track the same security but differ in issuer, legal structure, chain and target market.

The same security, 10 tokens

QQQ is not only available as QQQx. The alternatives below track the identical underlying (ISIN US46090E1038) but differ in issuer, chain, structure and the market each issuer aims them at.

QQQon · Ondo Global Markets (BVI)

Professional (EU)

QQQ.RP · BG El Salvador, S.A. de C.V. (Reality)

AQQQ · Anchored Finance (aStock)

QQQ.RH · Robinhood Assets (Jersey) Limited

tQQQ.SV · MIO 3 MARKETS 1 S.A.S. de C.V.

m.QQQ · Monetae Securities, S.A. de C.V.

Compare all 10 side by side →